Maintaining multiple systems can be expensive, time-consuming and error-prone — making it hard to access and analyze your data. We seamlessly integrate asset management, facility operations, forecasting, financials, construction and leasing in one system. The…
Record any omitted entries in your books for the correct accounting period. At some point, you might do the opposite of a data entry error, too. You may forget to record a transaction, which is…
It’s easy to tell when a transaction occurred—the money comes in or out of the bank. In the cash system, you do not pay taxes on funds you have not yet received. So, there is…
Consider implementing an online portal where employees can easily access and update their personal information. Running a business requires you to have a handle on a whole host of things. Having a payroll administrator can…
A note payable can be defined as a written promise to pay a sum of the amount on the future date for the services or product. On the maturity date, only the Note Payable account…
The average collection period amount of time that passes before a company collects its accounts receivable (AR). In other words, it refers to the time it takes, on average, for the company to receive payments…
Though allocation bases can vary, the most commonly used are direct machine hours and direct labor hours. The calculation result means that 7.25% of sales revenue will need to go toward overhead manufacturing costs. The…
For information on residential rental property, see Pub. This publication discusses the rules for deducting home mortgage interest. No matter when the indebtedness was incurred, you can no longer deduct the interest from a loan…
If you have accounting software, it will manage your ledger for you. QuickBooks Online users have year-round access to Live Bookkeepers who can set up the software, then help manage finances. The core function of a bookkeeper is…
All you have to do is multiply both the selling price per unit and the variable costs per unit by the number of units you sell, and then subtract the total variable costs from the…